Future bright consultancy

Vietnamese Foreign Minister Bui Thanh Son (C) at the ASEAN-RoK Foreign Ministers' Meeting. (Photo: VNA) Phnom Penh (VNA) – Vietnamese Foreign Minister Bui Thanh Son joined his ASEAN counterparts in meetings with the US, India, Australia, Canada, New Zealand, the EU, and Russia on August 4 within the framework of the 55th ASEAN Foreign Ministers' Meeting (AMM-55) and related meetings in Phnom Penh, Cambodia . The sides spent a great deal of time reviewed cooperation progress, agreed on future orientations, and exchanged views on regional and international situations. ASEAN proposes its partners maximise advantages brought by strategic and comprehensive partnerships, cooperate with the bloc in community building, and strive for common peace, stability and prosperity. . The countries suggested many extensive and diverse cooperation measures to assist ASEAN in building its community, accelerating recovery, and moving towards sustainable development. These measures covered … [Read more...] about AMM-55: ASEAN, partners review cooperation, agree on future orientations

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market

According to Ngo Thi Kim Thanh, senior expert at the Investment Analysis and Consulting Centre for SSI Research, the land lease demand in industrial zones (IZs) continues to secure positive growth for 2022 and beyond. This is attributable to diverse factors such as China’s strict pandemic policy, and reopened borders – paving the way for foreign investors to strike new deals or wrap up land lease procedures which were signed earlier. Prospects abound for land-rich industrial players, Illustrative photo. (Source: VNA) Thanh gave the remarks at a talk show on the charm of real estate tickers, hosted by VIR in Hanoi last week. In the stock market, the performance of real estate tickers is being deemed a bright spot in the context of a lasting market correction since April. During the period, the ticker IDC of IDICO Corporation gained more than 20 per cent, KBC of Kinh Bac Urban Development Corporation rose more than 15 per cent, and VGC of top building material maker … [Read more...] about Prospects abound for land-rich industrial players

The event took place as part of the 55th ASEAN Foreign Ministers’ Meeting (AMM-55) and related meetings in the capital city of Cambodia. It draw the participation of foreign ministers from ASEAN member states and EAS partners, namely China, Japan, the Republic of Korea, Australia, New Zealand, India, Russia, and the U.S. Participants affirmed the specialness of the EAS, a forum established by the Association of Southeast Asian Nations (ASEAN) for regional leaders to discuss strategic issues, thus creating prerequisites for regional cooperation to overcome uncertainties and complexities for common peace, security, and prosperity in the region. They held that to carry out the decisions made at the 16th EAS in November 2021, countries need to concurrently boost sustainable recovery and development while improving their healthcare capacity and resilience to future disease outbreaks. A main task for the EAS countries now is to reopen their borders, resume trading, facilitate … [Read more...] about Vietnam stresses dialogue, trust, responsibility at EAS Foreign Ministers’ Meeting

Industrial real estate attracts foreign investors via the M&A method Acquiring a well-established local entity is a preferable market-entry strategy for many foreign companies, particularly in the industrial real estate market. What are domestic enterprises’ advantages in attracting foreign industrial real estate developers? In the M&A playground, foreign investors often have an advantage in terms of capital and experience. Meanwhile, the biggest strength of the local side is its insight, which is shown in its overall understanding of policies, the planning of industrial parks (IP), transport infrastructure, and even urban planning around IPs. In addition, they understand the characteristics of each region and the demographic, which will help businesses recruit employees more easily. To establish an IP, it needs the approval of the prime minister and dozens of signatures from various authorities, thus having an insight into policies and flexibility will create … [Read more...] about Industrial real estate attracts foreign investors via M&A

Vu Trong Tai, general manager of RX Tradex Vietnam, the organizer of METALEX Vietnam 2022 stated, “Despite being impacted by the pandemic, Vietnam's economy has proven its resilience thanks to the adaptable reaction of enterprises and the prompt actions of the government. The changing geopolitical trends and the timely execution of economic cooperation will further strengthen Vietnam’s position. This is a good opportunity for Vietnamese entrepreneurs." Vu Trong Tai, general manager of RX Tradex Vietnam Matsumoto, chief representative of Japan External Trade Organization's (JETRO) Ho Chi Minh office, echoed the sentiment that Vietnam’s standing is improving. "Trade and investment between Vietnam and Japan have made substantial achievements in recent years. According to statistics, 55.3 per cent of enterprises plan to expand their operations in Vietnam during the next one to two years, the highest number in Southeast Asia. In comparison to the rest of Asia, only India, … [Read more...] about METALEX Vietnam and Supporting Industry Exhibition 2022 shape the new normal

The Supporting Industry exhibition 2022 will be also organized at the same time and location as METALEX Vietnam 2022. The exhibitions are organized by RX Tradex Vietnam, in partnership with the Japan External Trade Organization (JETRO) in HCMC, the HCMC for Supporting Industries Development (CSID), and the Investment and Trade Promotion Center HCMC (ITPC). The shows aim to deliver remarkable activities to the Vietnamese metalworking community, such as technology showcases, conferences, welding competitions, technology runways, and business matchmaking. More than 250 brands from 20 countries will attend the exhibitions, including Accretech, Epson, Mitutoyo, Takamaz, Yamaha, Hiwin, LKM, New Century, Delta, Showadenki, and companies from international pavilions of India, Germany, Japan, Singapore, Thailand, etc. METALEX Vietnam 2022 will have attractive programs such as M-TALKS, and factory visit. Attendees can understand deeply the market trends, interact with partners, and … [Read more...] about METALEX Vietnam exhibition 2022 to open in October

About ten years ago, when rivers in Vietnam's Mekong Delta started to run low on fish and shrimp, dozens of local households left the region for the Central Highlands in an attempt to eke out a living by fishing in reservoirs. The fishing skills of the Mekong Delta fishermen were easily adapted to the Se San Reservoir in the Central Highlands province of Kon Tum, where 34 households, mostly from An Giang and Hau Giang Provinces in the Mekong Delta, have been coping well with the uncertainty of their new lives in the mountains. Fishing on a mountain Dang Van Thuoc, a 40-year-old man, was one of the first Mekong Delta fishers to leave southern Vietnam for Kon Tum. He currently earns a living fishing in the Se San Reservoir. A woman sits on a floating house on the Se San Reservoir in Kon Tum Province, Vietnam. Photo : Tran Hoa / Tuoi Tre Thuoc and his relatives first settled by a small reservoir in nearby Dak Lak Province but they soon realized competition … [Read more...] about Vietnamese fishermen move to mountain to make ends meet in Mekong Delta

Although all the micro-economic and macro-economic advantages are available, it seems that there is no key catalyst for trending towards a new growth level at the stock market. Profits vary Initial statistics show that around 600 corporations have made public their financial statements in the second quarter of 2022. The number could be a bit higher if all the estimated figures were actively made public. Figures will continually be updated over the next few days, but the sales and profits of listed corporations will rise positively. For instance, as estimated by Vndirect Securities Corporation, considering 590 corporations listed by 26 July the total sales and profits in the second quarter increased by 25.3% and 17.9% respectively, over the same period last year. Stocks with high capitalization of more than VND 10,000 bln have recorded an average of 34.3% increase in sales and 24.9% in net profits. It is certainly normal for the stock trading market to have dark and bright … [Read more...] about Stock market showing no indication of growth

Huynh Kim Tuoc, managing director of the Saigon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, speaks at the event. (Photo: VNA) HCM City (VNA) – Huynh Kim Tuoc, managing director of the Saigon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, affirmed Vietnam holds tremendous potential for technology development and transfer thanks to its highly qualified experts and intellectuals with rich experiences in this field, especially young and talented human resources at universities. Tuoc said that at a recent workshop in Ho Chi Minh City on promoting the establishment of technology transfer offices (TTOs) in universities, which was co-organised by SiHub, Australia's University of Technology Sydney (UTS) and Singapore's leading incubator fund Expara. The workshop attracted a large number of domestic and foreign experts, and representatives of universities in … [Read more...] about HCM City seeks to boost technology transfer from universities